04.04.2024 13:36:23 - dpa-AFX: Conagra Brands Inc. Q3 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Conagra Brands Inc. (CAG) announced a profit for
third quarter that decreased from the same period last year but beat the Street
estimates.
The company's bottom line came in at $308.6 million, or $0.64 per share. This
compares with $341.7 million, or $0.71 per share, in last year's third quarter.
Excluding items, Conagra Brands Inc. reported adjusted earnings of $328.9
million or $0.69 per share for the period.
Analysts on average had expected the company to earn $0.65 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 1.9% to $3.03 billion from $3.09
billion last year.
Conagra Brands Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $308.6 Mln. vs. $341.7 Mln. last year.
-EPS (Q3): $0.64 vs. $0.71 last year.
-Revenue (Q3): $3.03 Bln vs. $3.09 Bln last year.
-Guidance:
Full year EPS guidance: $2.60 and $2.65
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